CLAR
Clarus Corporation
CLAR has the edge over RIVN overall, supported by stronger fundamentals and lower modeled downside.
RIVN
Rivian Automotive, Inc.
RIVN offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
CLAR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Stable |
CLAR's revenue and balance sheet are currently stable, but its profitability and cash flow are under pressure.
RIVN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
RIVN's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
CLAR PE Valuation
CLAR has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 29x next year's earnings.
RIVN PE Valuation
RIVN has no meaningful PE right now: it lost money over the past year.
CLAR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect CLAR to return to profit, with revenue holding steady. However, they disagree widely on these estimates.
RIVN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RIVN has the edge over CLAR on the outlook, with more favorable revenue expectations.
CLAR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.18 | — |
| Q3 2026 | -$0.69 | +$1.43 |
| Q2 2026 | -$0.82 | +$1.34 |
| Q1 2026 | -$1.16 | +$0.92 |
| Q4 2025 | -$1.21 | +$0.16 |
| Q3 2025 | -$2.12 | -1731% |
| Q2 2025 | -$2.16 | -1300% |
| Q1 2025 | -$2.08 | -900% |
| Q4 2024 | -$1.37 | -$1.10 |
CLAR is still losing money, but far less than before: $0.69 per share over the past year, against $2.22 at its worst in late 2023.
RIVN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.25 | +$0.83 |
| Q2 2026 | -$2.58 | +$0.62 |
| Q1 2026 | -$2.92 | +$0.77 |
| Q4 2025 | -$3.07 | +$1.62 |
| Q3 2025 | -$3.08 | +$2.52 |
| Q2 2025 | -$3.20 | +$2.76 |
| Q1 2025 | -$3.69 | +$2.08 |
| Q4 2024 | -$4.69 | +$1.05 |
RIVN has the edge over CLAR on earnings, with more consistent year-over-year improvement.
CLAR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $71.2M | +2.7% |
| Q2 2026 | $56.2M | +1.6% |
| Q1 2026 | $61.9M | +2.5% |
| Q4 2025 | $65.4M | -8.4% |
| Q3 2025 | $69.3M | +3.3% |
| Q2 2025 | $55.2M | -2.2% |
| Q1 2025 | $60.4M | -13% |
| Q4 2024 | $71.4M | +1377% |
CLAR's revenue fell from its 2021 peak and has held roughly level since: $71M last quarter, up 2.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.7% | +9 points |
| Q2 2026 | 8.1% | +28 points |
| Q1 2026 | -9.8% | +1.4 points |
| Q4 2025 | -60% | +11 points |
| Q3 2025 | -4.4% | +3.6 points |
| Q2 2025 | -20% | -5.3 points |
| Q1 2025 | -11% | -1.4 points |
| Q4 2024 | -70% | +496 points |
CLAR has the edge over RIVN on profitability, with a higher operating margin.
RIVN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +38% |
| Q2 2026 | $1.7B | +27% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.3B | -26% |
| Q3 2025 | $1.6B | +78% |
| Q2 2025 | $1.3B | +13% |
| Q1 2025 | $1.2B | +3% |
| Q4 2024 | $1.7B | +32% |
RIVN has the edge over CLAR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | +22 points |
| Q2 2026 | -50% | +35 points |
| Q1 2026 | -64% | -11 points |
| Q4 2025 | -65% | -27 points |
| Q3 2025 | -63% | +71 points |
| Q2 2025 | -86% | +33 points |
| Q1 2025 | -53% | +70 points |
| Q4 2024 | -38% | +82 points |
RIVN's operating margin was −41% last quarter, up 22 points from the same quarter a year ago, near the top of its range since 2021.
CLAR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$7.4M | -$443K |
| Q2 2026 | $636K | +$11.9M |
| Q1 2026 | -$5.7M | -$2.4M |
| Q4 2025 | $11.6M | -19% |
| Q3 2025 | -$7M | +$2.4M |
| Q2 2025 | -$11.3M | -$10.6M |
| Q1 2025 | -$3.3M | +$15M |
| Q4 2024 | $14.4M | +8.2% |
CLAR's free cash flow was −$865,000 over the past year, against −$7M the year before.
RIVN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.1B | -$703M |
| Q2 2026 | -$849M | -$451M |
| Q1 2026 | -$1.1B | -$549M |
| Q4 2025 | -$1.1B | -234% |
| Q3 2025 | -$421M | +$732M |
| Q2 2025 | -$398M | +$639M |
| Q1 2025 | -$526M | +$997M |
| Q4 2024 | $856M | +$2.3B |
RIVN has burned cash in almost every quarter: −$4.2B over the past year, against −$489M the year before.
CLAR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -74K shares |
| 1 year | -0.3% | -107K shares |
| 3 years | +2.2% | +825K shares |
| 5 years | +5.9% | +2.1M shares |
| Available history | +23% | +7.2M shares |
CLAR has the edge over RIVN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $447,000 |
| Q1 2026 | $32,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $42,000 |
| Q4 2024 | — |
CLAR spent $479,000 buying back its own shares over the past year, more than ten times what it spent the year before.
RIVN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.1% | +121M shares |
| 1 year | +19% | +226M shares |
| 3 years | +52% | +494M shares |
RIVN has 1.4B diluted shares, up 19% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | $6M |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
CLAR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 2.9x | Moderate |
| Q2 2022 | 2.9x | Moderate |
| Q1 2022 | 3.2x | Elevated |
| Q4 2021 | 3.3x | Elevated |
| Q3 2021 | 5.8x | High |
| Q2 2021 | 0.7x | Very low |
| Q1 2021 | 1.2x | Healthy |
| Q4 2020 | 1.3x | Healthy |
CLAR's net debt is about 2.9 years of its operating earnings (EBITDA), down from 5.8 years a year ago.
RIVN Net Leverage
RIVN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CLAR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 80.0 | Overbought |
| Stochastic | 89.2 | Overbought |
CLAR's weekly RSI is 80 (overbought) and its Stochastic is 89 (overbought).
RIVN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 25.6 | Neutral |
RIVN's weekly RSI is 41 (neutral) and its Stochastic is 26 (neutral).
CLAR PE vs Consumer Cyclical Sector
| Metric | CLAR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
CLAR has no meaningful PE right now: it lost money over the past year.
RIVN PE vs Consumer Cyclical Sector
RIVN has no meaningful PE right now: it lost money over the past year.
CLAR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.07 | 27% above |
| 20 week MA | $3.74 | 38% above |
| 50 week MA | $3.38 | 53% above |
| 100 week MA | $3.58 | 44% above |
| 200 week MA | $5.20 | 0.6% below |
CLAR has the edge over RIVN on trend strength, trading above more of its moving averages.
RIVN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.3 | 3.9% below |
| 20 week MA | $15.1 | 15% below |
| 50 week MA | $15.9 | 19% below |
| 100 week MA | $14.7 | 13% below |
| 200 week MA | $15.1 | 15% below |
RIVN is in a downtrend: it's below all five of its weekly moving averages, and 15% below its 200-week average.
CLAR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.6 | $15.4 | +13% |
| 2021 | $15.4 | $26.7 | +73% |
| 2022 | $26.7 | $7.15 | -73% |
| 2023 | $7.15 | $6.90 | -3.5% |
| 2024 | $6.90 | $4.54 | -34% |
| 2025 | $4.54 | $3.38 | -26% |
| 2026 YTD | $3.38 | $5.17 | +53% |
CLAR has the edge over RIVN on returns for 2026, with the stronger performance.
RIVN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $130.0 | $96.8 | -25% |
| 2022 | $96.8 | $19.1 | -80% |
| 2023 | $19.1 | $23.5 | +23% |
| 2024 | $23.5 | $13.7 | -42% |
| 2025 | $13.7 | $20.9 | +53% |
| 2026 YTD | $20.9 | $12.8 | -39% |
RIVN has finished lower in three of the last five years. It's down 39% so far in 2026.